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OptionTrade Review

OptionTrade
Our score: 8.4 User satisfaction: 100%
Logo of OptionTrade

Trading Platform OptionTrade

OptionTrade offers traders their OT Trader, which is modeled after another successful trading broker called HotForex. OT Trader is a sophisticated binary trading platform built based on the experiences of the platform provider.

You can trade with ease using OptionTrade’s cutting-edge OT Trader platform. Traders can trade in more than 200 assets in 20 markets. You can manage multiple accounts in the myOptionTrade client area as well as trade on-the-go from any device. Minimum trade amount starts at $5.

The trading platform offers sophisticated trading tools and fast execution of trades. The platform is Web-based, therefore there is no need for downloads. It offers a user-friendly interface and is easy to use. The platform is integrated with all leading payment methods.

OT Trader comes with a string of notable features such as the history graph, a function that lets users assess an asset’s most recent movement. Standing out though is the “myOptionTrade” client area. This tool gives traders total control over all trading operations using just one login.

OptionTrade offers multilingual support 24/5. You can learn about binary options in the Education Center on the broker’s website and practice with a demo Account. OptionTrade offers free video tutorials and video on demand for Premium and VIP clients.

Traders can make use of fast, secure, and convenient payment methods. There are no commissions and fees, and the withdrawal process is fast and easy without limitation. You can fund your account in USD, EUR, and GBP.

Pros

  • 24/5 expert customer support
  • Advanced OT Trader platform
  • Demo account
  • High bonuses
  • Large range of assets
  • myOptionTrade account management system
  • No limits for withdrawals
  • Regulated by CySEC

Cons

  • Educational section seems basic
  • Asset prices are not displayed on the Splash page like most other binary brokers’ websites

Platform type: OT Trader

Platform Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic, Swedish

OS Compatibility: Mac OS, Windows

Streaming News Feed: Yes

Email Alerts: No

Mobile Alerts: No

Company information OptionTrade

Located in: Cyprus

Website: https://www.optiontrade.com/

Founded in: 2000

Accepts US Clients: No

Phone number: +357-24-020054

Email: support@optiontrade.com

Account Options OptionTrade

Commission:

Minimum Deposit: $200

Payouts Percentage: 88%

Deposit Options: Webmoney, Credit Card, Bank Wire Transfer, Neteller

Withdrawal Options: Webmoney, Credit Card, Bank Wire Transfer, Neteller

Payout Ratios: Payout ratios offered by OptionTrade are available for up to 88%.

Available Assets OptionTrade

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic

Customer Service Hours: OptionTrade provides 24-hour customer support.

Place Trades Over the Phone?: No

OptionTrade Trade types

Trading choices at OptionTrade include the usual trading types such as:

  • 60 Seconds
  • Classic Binary Option
  • Long Term
  • One Touch
  • Pairs

OptionTrade Trade accounts

OptionTrade offers three types of trading accounts:

Standard Account – Minimum deposit of $200

  • Cash match bonus
  • Payout up to 83%     
  • Free demo account   
  • 80+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

Premium  Account – Minimum deposit of $1000

  • Cash match bonus
  • Payout up to 85%     
  • Free demo account   
  • 120+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

VIP Account – Minimum deposit of $5000

  • Personal account manager
  • Cash match bonus
  • Payout up to 88%     
  • Free demo account   
  • 180+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

OptionTrade Position In Our Categories

Position of OptionTrade in our main categories:

TOP 10

OptionTrade is one of the top 10 Binary Options Brokers products

If you are interested in OptionTrade it might also be sensible to check out other subcategories of Binary Options Brokers gathered in our database of SaaS software reviews.

It's important to keep in mind that hardly any service in the Binary Options Brokers category is going to be an ideal solution able to fulfill all the needs of various investors. It may be a good idea to read a few OptionTrade reviews first as specific solutions may actually dominate only in a specific geography or situation or be created with a very specific customer in mind. Others may function with an intention of being easy and intuitive and as a result lack advanced functions needed by more experienced users. You can also find services that cater to a wide group of customers and provide a powerful feature base, however this in most cases comes at a more expensive price of such a service. Ensure you're aware of your needs so that you purchase a service that offers exactly the functionalities you look for.

User Satisfaction

Positive Social Media Mentions 0
Negative Social Media Mentions 0

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and OptionTrade reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with OptionTrade. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

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OptionTrade Comparisons

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Minimal deposit:

What Bonus Does OptionTrade Offer?

No Deposit Bonus:
No

Bonus for First Deposit:
No

Is the Bonus Based on
the Volume of the Transaction?:

No

Other Bonuses:
No

OptionTrade offers a 100% cash match bonus to give traders a head-start. Here are the conditions:
- Volume requirement: The value of the initial deposit, plus the cash match bonus must be traded 20 times before the bonus becomes yours to trade or withdraw.
- The amount of the cash match bonus is up to 100% of your first deposit up to a maximum value of $500/ €500/1500 PLN.

Reliability of OptionTrade

OptionTrade is fully regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number 183/12. On top of that, OptionTrade transacts only with reputable top-tier financial institutions and banks. Funds are also deposited in segregated bank accounts so as to keep them separated from company’s funds. Lastly, each OptionTrade user can access the Investor Compensation Fund which seeks to compensate eligible traders up to 20,000 euros in the event the company becomes insolvent.

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Reviewed By Louie Andre
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